Bonus received in next FY
Parth Shah (1 Points)
13 March 2019
If bonus of the FY 18-19 is paid in the may-19 than bonus will be taxable in FY 18-19 or in the FY it is received?
2 Replies
suryaprakash
(nil)
(47 Points)
Replied 13 March 2019
Bonus will be allowed as deduction in the year of actual payment irrespective of the year to which the liability pertains to. Please refer Sec - 43B(c) this clause gives reference to Sec - 36 which talks about the bonus payments.
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 13 March 2019
it will be taxable in the fy it is received
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